Bundesbank chief warns of possible risks to the banking system from Stablecoins and urges tighter regulations in the EU after the passage of the Genius Act in the US.

Dude, I’m not sure if you follow markets but the system is in a nosedive. Tighter regulation won’t save it. And a Stablecoin is simply a fiat coin, no different from a credit card. So why fuss about it?

I sense their fear of yet another non-European payment provider (Tether) taking over the market. They surely gonna have to outlaw Tether and prop up a mandated Euro Stablecoin provider. So long until they push that evil digital Euro.

Nothing of signal here, Stables are a transitionary technology at best.

People are moving away from continuously debased fiat coins.